News

News

Chicago Tribune Highlights Research Park’s Ability to Capitalize on Student Talent

The Chicago Tribune’s BlueSky tech magazine highlighted the talent development opportunities in the Research Park in a series about venture capitalists. Research Park was included in the second part of the series on July 8. One of the hallmarks of Research Park since its birth has been its location on campus. Unlike many other research facilities associated with universities, Research Park at the University of Illinois at Urbana-Champaign has been a magnet for talent, recruiting the most qualified students to work at one of over a hundred companies at the park. State Farm, Dow AgroSciences, and John Deere are among a multitude of companies that seek student talent. Although the companies of Research Park capitalize on the university’s top programs in engineering and business, the 400 students that are employed at any given time are hired from majors ranging from graphic design and advertising to mathematics and communication and a vast spectrum in between.

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Media Mentions News Research Park

Research Park Highly Attributed to Champaign Being “3rd Fastest-Growing City In Illinois”

The Daily Illini showcased Research Park as the muscles behind Champaign’s status of being Illinois’ “3rd fastest-growing city.” Highlighted in the article is Research Park and its commitment to creating an environment that attracts not only big companies like Yahoo!, State Farm, and John Deere; but also a plethora of startup companies at the EnterpriseWorks Building. Besides strongly stimulating Champaign’s economy, the over one hundred companies also are committed to taking advantage of the incredible resources on campus, especially the talent of the students. At any given time, over 400 undergraduate and graduate students are employed by Research Park. Although the companies capitalize on the students of the premier programs such as engineering and business, students from other majors, ranging from advertising to data management, round out the other needs of the companies. Research Park is proud to have such a strong partnership with the University of Illinois and its vast talent of student resources that positively affects Champaign’s economy and pushes the city forward.

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EnterpriseWorks Media Mentions News

Chromatin’s Recent Success Highlighted in Crain’s Chicago Business

Crain’s Chicago Business profiled the success of startup Chromatin, a graduate from the EnterpriseWorks incubator who currently has a 6,000-square foot footprint in the University of Illinois Research Park. Research Park is very proud of Chromatin’s team and their persistent diligence and hard work. Read the full featured article in Crain’s Chicago Business online. Today, Chromatin’s teams in Champaign and Texas, working with eight nurseries around the world, develop thousands of new varieties of sorghum each year from traditional cross-breeding; varieties containing the company’s patented mini-chromosomes are under development. The company, based in downtown Chicago, has 200 employees and tens of millions of dollars of annual revenue, though Ms. Preuss won’t disclose more exact numbers. In January, Chromatin raised $36 million in series E financing, with Wood Creek Capital Management of New Haven, Connecticut, leading the effort, raising its fetch to $70 million. John Banta, CEO of IllinoisVentures LLC, a Chicago early-stage investment firm that has invested in Chromatin, says Ms. Preuss is a rarity. “The cultural divide between the two settings”—a university research lab and a startup business—“can be great, which is why it is so unusual for later-stage CEOs to derive from the lab/classroom,” he says. Ms. Preuss, who holds a 1990 doctorate in biology from MIT, grew up in eastern Colorado. She saw herself becoming an inventor like her hero Thomas Edison, “deploying science to improve people’s lives.” As a teen, she worked in her family’s hardware distribution business, sweeping floors and making sales calls. She says her parents’ comeback from a fire that destroyed their warehouse helped inspire her own “rising from the ashes” story at Chromatin.

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News Research Park

Frerichs Visits Capitol Hill to Discuss Champaign-Urbana’s Growing Tech Sector

University of Illinois Research Park Director Laura Frerichs visited the US Capitol today to address staff from the Illinois Congressional delegation about the tech industry in Illinois.  The Capitol Hill briefing on the state’s high-tech industry was organized by the Illinois Chamber of Commerce.  Frerichs discussed the growing technology sector in Champaign-Urbana at the Research Park, successful startup activity at EnterpriseWorks incubator, recruitment of students and internships, and a recent study completed by the EDA funded University Center at Illinois that profiled 18 incubators across the state of Illinois. Topics discussed at the event included technology workforce development, immigration reform, crowdfunding, entrepreneurship and incubation, STEM education including software coding for K-12, digital manufacturing and community colleges, connecting veterans to tech, and patent reform. Other speakers included: 1871, Orbitz, Google, Motorola Solution, Motorola Mobility, and TechAmerica.

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News Partnerships & Acquisitions Research Park

New Turn Research and Development Center to Focus on Data-Driven Marketing Technologies

Silicon Valley-Based Turn Opens First Innovation Center at University of Illinois Research Park CHAMPAIGN, Ill. – The University of Illinois today announced that Turn, the marketing software and analytics platform, will open an Innovation Center on campus for the research and development of new data-driven marketing technologies. The center is the company’s first outside of its Silicon Valley headquarters, and engineering work will focus on the full technology stack of the Turn platform. Along with attracting engineering talent excited by the prospect of joining a leading player in the fast-growing marketing software industry, Turn plans to collaborate with research faculty on joint R&D projects and to contribute to campus life through education outreach and seminar opportunities. “The Turn Innovation Center will give our students the opportunity to be at the forefront of the intersection of digital marketing and big data,” said Chancellor Phyllis Wise. “Such real-world experiences are an invaluable part of their education.” “The Turn Innovation Center at the University of Illinois brings us directly into the center of one of the nation’s top engineering campuses,” says Ali Dasdan, senior director of engineering, Turn. “We are building the smartest global enterprise technology company dedicated to solving the data problems marketers face. Some of the excellent talent here will help us to meet new challenges in solving those problems.” The Turn Innovation Center will be located within the University of Illinois Research Park, home to innovation centers for multinational corporations and publicly traded firms including Yahoo!, Anheuser-Busch InBev, John Deere, Caterpillar, Dow, Neustar, State Farm, Citrix, Raytheon, and Abbott. Ross Bundy has been appointed by Turn to lead the Turn Innovation Center at the University of Illinois. He has an extensive engineering background gained through his 20 years of experience at IBM, Motorola, Yahoo!, and Riverbed Technology.  About the University of Illinois at Urbana-Champaign Since its founding in 1867, the University of Illinois at Urbana-Champaign has earned a reputation as a world-class leader in research, teaching, and public engagement. Located on campus, the Research Park at the University of Illinois at Urbana-Champaign is a technology hub for startup companies and corporate research and development operations. Within the Research Park there are more than 90 companies employing students and full-time technology professionals. About Turn Turn delivers real-time insights that transform the way leading advertising agencies and enterprises make marketing decisions. Our integrated cloud platform enables data management, cross-channel advertising, and advanced analytics from a single login, along with point-and-click access to more than 130 integrated technology partners. Turn is headquartered in Silicon Valley and provides its products and services worldwide. Turn provides three real-time marketing applications: Audience Suite, an enterprise data management and audience planning platform; Campaign Suite, a digital media execution platform for video, mobile, social, and display advertising; and DataMine Analytics, a data exploration, discovery and warehousing solution purpose-built for marketers. Turn works with the world’s top brands, agencies and trading desks, including Accuen, Aegis, AMNET, Chrysler, Experian, Foursquare, Microsoft, OMD, StubHub, Thomas Cook, Toyota, Travelers, Verizon, VivaKi and Zales. For more information, follow @turnplatform. 

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Media Mentions News Recognition & Awards Research Park

Research Park Cited For Job Creation As Champaign Named Third Fastest Growing City In Illinois

NerdWallet, a consumer advocacy website, recently conducted a study to find the fastest-growing cities in Illinois – and Champaign ranked third. The website specifically called out the Research Park as being a driver for economic development and growth. “Tech companies are expanding in Champaign, including new jobs added at Intel and an expansion of the Yahoo! offices at The Research Park at the University of Illinois Urbana-Champaign. The Research Park is also supporting job and income growth in Champaign through its startup incubator Enterprise Works, which supports science and technology startups with lab and office space, entrepreneurship classes and the resources of the university community.” For more on the Nerdwallet rankings, visit the story on its website.

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Media Mentions News Research Park

Dow Highlights Research Park Center in Annual Report

The 2013 Dow Annual Report includes its new University of Illinois Research Park Dow Innovation Center as part of its strategy to leverage collaboration to speed innovation. “In addition, many of our approximately 6,400 researchers globally collaborate with research institutions and universities to accelerate the pace of innovation for breakthrough solutions. For example, as part of our Strategic University Partners program with 11 leading universities, Dow opened an innovation center in 2013 at the University of Illinois Research Park in Champaign to develop data management solutions to drive value within our R&D organizations.” Link to the report:  http://www.dow.com/investors/pdfs/2013_Full_Report.pdf

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EnterpriseWorks News Recognition & Awards

EP Purification Wins Clean Energy Challenge $100,000 Grand Prize

EP Purification captured the $100,000 Wells Fargo Grand Prize for Clean Energy Entrepreneurship at the 2014 Clean Energy Trust Challenge on April 3. The EnterpriseWorks-based startup is devoted to the manufacturing of novel systems for the purification of water and air, based on microplasma technology developed at and licensed from the University of Illinois at Urbana-Champaign. The company is led by Sung-Jin Park and Gary Eden, both University of Illinois engineering faculty. The Clean Energy Challenge is one of the nation’s most important clean energy business events. Finalists from the past three Challenge events have raised more than $40 million in outside investment, created 280 jobs and registered 40 patents and disclosures. Press coverage of the Clean Energy Trust Challenge: Crain’s Chicago Business :

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News Recognition & Awards Research Park

Congratulations to Innovation Celebration Winners!

Congratulations to all the winners and finalists from Innovation Celebration, especially those with Research Park ties. The event, held on Feb. 27 at the NCSA building, was standing room only. The wiinners are listed in bold: Innovation Transfer Award – University of Illinois Dr. Stephen Boppart: winner, founder of I-Start company PhotonicareDr. Stephen SligarDr. Scott White Innovation in Engagement Award – Parkland College Kerris Lee – formerly with Lost Points and Cazoodle, Kerris has spent a lot of time at EnterpriseWorks. Entrepreneurial Excellence: Social Venture Award[co] [lab]PilotDr. Fouad Abd-El-Khalick & the EnLIST Team – University of Illinois Entrepreneurial Excellence: Student Startup AwardKantWaitServabo – I-Start client at EnterpriseWorks. Congrats TIm and Nishana!Miss Possible Entrepreneurial Excellence: New Venture AwardPhi OpticsVeriflowElectroninks – EnterpriseWorks tenant and I-Start client. Congrats Brett and the team! Entrepreneurial Excellence: Advocacy AwardRay Price – iFoundryJed Taylor – U of I Technology Entrepreneur CenterDennis Beard – Serra Ventures. Dennis is a member of our Entrepreneur-in-Residence team; Serra’s offices are in Research Park.  Innovation: Economic Development Impact AwardFox AtkinsCarlos Nieto – Nieto EnterprisesWalter Lohmann Entrepreneurial Excellence: Management AwardDan Cermak – VolitionMike Folk – HDF GroupBill Cope – Common Ground Publishing Innovation: Longevity AwardAcoustic MedSystemsProminic.NETPavlov Media Here is a detailed wrap-up of the event from Don Dodson of the News-Gazette. 

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News Partnerships & Acquisitions Research Park

Yahoo Breaks Ground For New Facility In Champaign

Today, Yahoo! Inc. (NASDAQ:YHOO) broke ground on a new state-of-the-art facility that will serve as an important expansion of its Champaign, IL technology hub. Leaders from Yahoo, State of Illinois, University of Illinois at Urbana-Champaign, and City of Champaign announced plans for the new building and expanded workforce. Champaign is the home of several Yahoo engineering teams working on critical technologies for the company. Yahoo currently occupies 24,000 sq.ft. of office space and is the largest full-time employer in the University of Illinois Research Park. The new 40,000 sq. ft. building will be solely constructed for Yahoo. Plans include recruitment of engineers over the next 12-24 months. Yahoo’s SVP of Advertising Technology, Scott Burke, attended the groundbreaking and said, “I’m thrilled to announce our expansion in Champaign. Yahoo has benefited from the world-class engineering talent at Research Park that contributes to our advertising and data systems. We look forward to growing our team and continuing to be a valued member of the local community.” Champaign-Urbana is the home of the University of Illinois and the National Center for Supercomputing Applications (NCSA). The top-ranked engineering college is a hallmark of Illinois. Chancellor Phyllis Wise said, “Yahoo is an important presence in our Research Park and in our local community. Our students and our faculty have seen great new opportunities through our relationship with Yahoo, and this expansion will open even more of them for all of us.” “The presence of Yahoo at the U of I is an incredible resource for the technology industry in Illinois,” Governor Pat Quinn said. “Illinois is a technology leader and we are actively working to grow our economy, create jobs and keep our state a center for innovation worldwide. Places like Research Park at the University of Illinois are essential in making Illinois even more competitive.” “On behalf of the City of Champaign, we are pleased that performance-based employment incentives were able to contribute the positive decision by Yahoo to expand in our community. Yahoo’s growth is a strong example of the thriving high-technology sector in Champaign,” said Mayor Don Gerard. About Yahoo Yahoo is focused on making the world’s daily habits inspiring and entertaining. By creating highly personalized experiences, we keep people connected to what matters most to them, across devices and around the world. In turn, we create value for advertisers by connecting them with the audiences that build their businesses. Yahoo is headquartered in Sunnyvale, California, and has offices located throughout the Americas, Asia Pacific and the Europe, Middle East and Africa regions. For more information, visit the pressroom (pressroom.yahoo.net) or the Company’s blog (yahoo.tumblr.com). About the University of Illinois at Urbana-Champaign Since its founding in 1867, the University of Illinois at Urbana-Champaign has earned a reputation as a world-class leader in research, teaching, and public engagement. Located on campus, the Research Park at the University of Illinois at Urbana-Champaign is a technology hub for startup companies and corporate research and development operations. Within the Research Park there are more than 90 companies employing students and full-time technology professionals. For more visit www.illinois.edu and https://researchpark.illinois.edu/ Contact at Yahoo: Cathy Singer, Senior Director, cats@yahoo-inc.com Contact at the University of Illinois: Laura Frerichs, Research Park Director, (217) 333-8323 **** News Coverage: News Gazette article: Yahoo to add 80 jobs at Research Park site The Southern Illinoisan: New Yahoo building at the University of Illinois AZoBuild.com: Yahoo Celebrates Groundbreaking for New Facility in Champaign

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